Tag: Bitcoin

According to a recent estimate by data analytics company CryptoQuant, should bitcoin spot exchange-traded funds (ETFs) be legalized, bitcoin would increase to a value of $900 billion and the overall cryptocurrency market will grow by $1 trillion.  No doubt this is very ambitious and this latest prediction follows the recent ...

Long-term cryptocurrency investors are relentlessly accumulating Bitcoin, thus driving the token's supply scarcity and illiquidity, says blockchain intelligence firm Glassnode. In its latest weekly report, the blockchain analytics firm published that data shows "HODLers," investors with wallets holding Bitcoin for over 155 days, are stashing an average of 50,000 BTC ...

Sergio Massa, a prominent candidate in Argentina's upcoming election, proposed the adoption of a Central Bank Digital Currency (CBDC) to address the country's persistent inflation challenges and strengthen its economic position on the global stage. Massa suggested this move at his first presidential debate on October 1, 2023. during his ...

As the world becomes more digitized, the demand for seamless and lightning-fast digital transactions is increasing by the day. Bitcoin, the first and most popular cryptocurrency, has revolutionized how we think about money and payments.  Bitcoin's decentralized nature has empowered millions to take control of their finances, liberating them from ...

Democratic presidential candidate Robert F. Kennedy Jr. has revealed his ambitious plan to back the US dollar with Bitcoin if elected.  Speaking at a Heal-the-Divide PAC event on July 19, 2023, Kennedy expressed his belief that supporting the American economy with "hard currency" assets such as gold, silver, platinum, or ...

Belarus is gearing up to implement a ban on Peer-to-Peer (P2P) cryptocurrency transactions, including popular cryptocurrencies like Bitcoin, within the country. The Belarusian Ministry of Internal Affairs announced this plan to ban P2P crypto exchanges for individuals through Telegram on July 2, 2023. The Ministry cited the rising rate of ...

On June 28, 2023, the lower House of North Carolina's legislature successfully passed a bill that directs the State's Treasurer to conduct a comprehensive study on the potential advantages and viability of holding Bitcoin and gold bullion as part of the North Carolina administration's portfolio. The bill sets aside $50,000 ...

Prominent financial institutions in the United States, including BlackRock, Fidelity, Bank of America, JP Morgan, Morgan Stanley, Goldman Sachs, BNY Mellon, and Invesco, are making their entry into the digital asset space. These institutions, which collectively manage an estimated $27 trillion in assets, are actively working on providing their clients ...

Riot Platforms, one of the world's largest Bitcoin mining businesses, has made a significant investment of $162.9 million to purchase 33,280 "next-generation" miners from MicroBT, a leading supplier of mining equipment. The company announced this development on June 26, 2023, via post on its website.  Jason Les, Riot Platforms’s CEO, ...

Binance has confirmed that it has commenced operating nodes on the Bitcoin Lightning Network. This move aligns with their strategic objective of integrating the Lightning Network to facilitate seamless deposits and withdrawals. On June 20, 2023, Binance confirmed this development in a tweet, responding to observant users who had noticed ...